Each week seems to bring new twists in Middle Eastern geopolitics, with shockwaves on the energy market and in particular oil prices. The recent reshuffle in Saudi Arabia heralds a major break with established tradition and watershed in the trends of the oil industry.

What transpired on Friday was a brutal movement in the price of oil to the enormous benefit to oil interests. And for no reason that can be explained by either an interruption in supply, direct nor indirect, nor significant change in demand, nor economic data supporting the move.

Will it be a serious and searching probe of the malevolent formation of prices in the oil industry, costing American and world consumers billions, or just a cursory headline in the manner of the now discredited 'The Oil and Gas Price Fraud Working Group.'

We have an anomaly in our courts, irresponsibly supported by the executive and legislative branches of our government, in the manner that our courts interpret Sovereign Immunity and, in turn, its impact on our day to day lives.

This torrent of money flowing into OPEC, especially into the Persian Gulf States, raises the question how this massive windfall is being put to use other than providing fresh capital for the world's largest sovereign wealth funds, as those of Saudi Arabia, United Arab Emirates and Kuwait.

Blazoned on the top of the CNBC News page was the headline, "US Futures Turn Higher Following OPEC News." The article goes on to advise that OPEC was considering raising production for the first time in two years.

A recent report in the Times on the geopolitics of oil misses key points in describing Saudi Arabia's oil policy, and incorrectly asserts that the global recession "forced" the country to reduce production.